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AF LEGAL GROUP LTD — M&A Activity 2012
Aug 8, 2012
64326_rns_2012-08-08_4aad37bb-0faf-40b3-9eaf-cffcf3933374.pdf
M&A Activity
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ASX ANNOUNCEMENT & MEDIA RELEASE
9 August 2012
RESPONSE TO MEDIA REPORTS
Perth-based gold producer Navigator Resources Limited (ASX:NAV) ( Navigator or the Company ) refers to its ASX announcement of 1 August 2012 regarding the receipt of an indicative non-binding conditional takeover proposal.
Further to recent media reports, the Company confirms that the indicative non-binding conditional proposal for a potential takeover transaction has been presented by LionGold Corp Ltd ( LionGold ), a company listed on the Singapore Stock Exchange.
Navigator advises that it is currently engaged in preliminary confidential discussions with LionGold regarding this matter.
The Board recommends that shareholders take no action until further advised by the Board.
SHAREHOLDERS SHOULD NOTE THAT THE ABOVE MENTIONED PROPOSAL IS NON-BINDING AND SUBJECT TO VARIOUS CONDITIONS (INCLUDING DUE DILIGENCE). NEITHER THIS ANNOUNCEMENT NOR ANY PREVIOUS ANNOUNCEMENT OF THE COMPANY CONSTITUTES AN ANNOUNCEMENT THAT THE TERMS OF A TAKEOVER BID HAVE BEEN AGREED OR A TAKEOVER BID WILL BE MADE. THERE IS NO GUARANTEE THAT A TAKEOVER BID WILL BE AGREED OR A TAKEOVER BID OR ANY OTHER PROPOSAL WILL BE MADE OR PROPOSED.
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Non-Executive Chairman NAVIGATOR RESOURCES LIMITED
For Further Information:
Please direct any queries, or requests for further information, to:
Email: [email protected] Tel: (08) 9226 5311
Ground Floor, 45 Richardson Street Telephone: (08) 9226 5311 WEST PERTH WA 6005 Facsimile: (08) 9226 5411 PO Box 276 Email: [email protected] WEST PERTH WA 6872 Website: www.navigatorresources.com.au ASX Code: NAV ACN: 063 366 487